112
112
Dec 8, 2012
12/12
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when we go to file taxes, we have to file separately. that makes us both have to have a higher tax than we normally would. i think it should be a matter of economics. you can call it a domestic partnership as long as you give us the same tax rights as a normal couple has. host: do either of you work for the federal government? caller: know, i used to be in the army. i was in there in the don't ask don't tell days. i am not entered the army anymore. host: stephen is from las vegas on the democrats' line. caller: i just have to comment that the craziness of the culture war. my views are probably very left wing it. i have been watching all of the craziness go on. they are going on and on. this is all constitutional rights. i think it is crazy either party focuses on the ideology of the issue. we need to focus on the economic issues of our country and give everybody a constitutional right to live their life how they want to. host: what do you think about the current makeup of the court? caller: i think they honestly should just grant the rig
when we go to file taxes, we have to file separately. that makes us both have to have a higher tax than we normally would. i think it should be a matter of economics. you can call it a domestic partnership as long as you give us the same tax rights as a normal couple has. host: do either of you work for the federal government? caller: know, i used to be in the army. i was in there in the don't ask don't tell days. i am not entered the army anymore. host: stephen is from las vegas on the...
106
106
Dec 6, 2012
12/12
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eye 106
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pays a lot of money in payroll taxes and sales taxes and state and local taxes and property taxes. it adds up even if they're not paying income tax. host: how would you compare the current talks to july 2011 and the debt limit, fiscal cliff, sequestration -- guest: the debt limit talks definitely set the stage for this. they were not completely without value. i get the sense it is a lot more serious now. it has almost been like a year- and-a-half long negotiation. with the real deadline being the expiration of the bush tax cuts at the end of this year. to some extent, now they're getting to the real deadline and it is more serious. host: have you written one of the, if we go over the cliff, this is what happens-type article? guest: yes. people would probably start feeling it in their paychecks pretty quickly. never mind what it means to the broader economy. it will hit. it will hurt a lot of people. if we did not change the law and it went one month, two months, three months, it could lead to another recession because there be such a sharp drop in people's incomes and it would be s
pays a lot of money in payroll taxes and sales taxes and state and local taxes and property taxes. it adds up even if they're not paying income tax. host: how would you compare the current talks to july 2011 and the debt limit, fiscal cliff, sequestration -- guest: the debt limit talks definitely set the stage for this. they were not completely without value. i get the sense it is a lot more serious now. it has almost been like a year- and-a-half long negotiation. with the real deadline being...
150
150
Dec 7, 2012
12/12
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eye 150
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we talk about the state capital which was tax -- 74% tax exempt. a lot of it was a result of the state taking over a large percentage of our city. a lot of it was non for profits. i have had a good working relationship with people in the state governments. it is good to have them close. i can see what they're doing and to buy and put and see what i can do for the people of the city. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] host: we turn our attention to unemployment insurance and how it can be impacted. joining us for the discussion is josh . caller: it is a combination of a federal and state program. it usually lasts -- it can be extended up to 93 weeks. it is the extension be on the six month time frame we're talking about as part of the fiscal cliff tops. host: that is what might be caught -- cut? guest: that is what automatically expires. president obama has said as part of the deal i want to make, the benefits should continue. republicans have not taken a firm stand. we ha
we talk about the state capital which was tax -- 74% tax exempt. a lot of it was a result of the state taking over a large percentage of our city. a lot of it was non for profits. i have had a good working relationship with people in the state governments. it is good to have them close. i can see what they're doing and to buy and put and see what i can do for the people of the city. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute]...
105
105
Dec 10, 2012
12/12
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CSPAN
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eye 105
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let the bush tax breaks expire and go back to the clinton taxes. it will hurt people a little bit, but it will hurt the wealthy more. i believe that jobs will come back if we do that. host: what about automatic spending cuts? it is not just the defense department that gets cut. non-defense, education, health care, across the board getting cut? caller: it would probably only be cut for a short time. host: so, a sacrifice by letting tax rates go up? caller: right, they will start working together if they wind up going off the cliff. host: what do you think about addressing medicare spending? caller: the biggest thing the government has to do is all of the waste in everything. defense, medicare, everything. just go after it. host: is that enough to get through our deficit and debt? caller: and raise the taxes. host: all right. mike come massachusetts, note -- mike, massachusetts. go ahead. caller: i am x military. the only reason i say that is that we have spent $2 trillion on these wars over the last 10 years, which is a whole lot of money and they s
let the bush tax breaks expire and go back to the clinton taxes. it will hurt people a little bit, but it will hurt the wealthy more. i believe that jobs will come back if we do that. host: what about automatic spending cuts? it is not just the defense department that gets cut. non-defense, education, health care, across the board getting cut? caller: it would probably only be cut for a short time. host: so, a sacrifice by letting tax rates go up? caller: right, they will start working together...
149
149
Dec 4, 2012
12/12
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CSPAN
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eye 149
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taxes? guest: i don't think so. i think keeping tax rate with a r is the real question. you can increase revenue without increasing tax rates. honestly, just a more efficient system redistributing investments toward things that generate economic growth. that is something that paul ryan has been a leading advocate of. yeah, i think this is a really smart and good proposal by the speaker, and i was very pleased to see every republican sign off on it. it was not just his name. i hope the white house understands there is unity at the republican leadership table. host: here is a copy of the letter sent to the white house with the signatures of the leadership team including paul ryan. a lot of our callers have talked about the lack of details in this proposal then back which loopholes or deductions do you get rid of? guest: there is an interesting debate and discussion on that. that is for the negotiators. the easiest way to do it would be to cap the dollar amount and let the individual pick and c
taxes? guest: i don't think so. i think keeping tax rate with a r is the real question. you can increase revenue without increasing tax rates. honestly, just a more efficient system redistributing investments toward things that generate economic growth. that is something that paul ryan has been a leading advocate of. yeah, i think this is a really smart and good proposal by the speaker, and i was very pleased to see every republican sign off on it. it was not just his name. i hope the white...
87
87
Dec 9, 2012
12/12
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CSPAN
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eye 87
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the goal should be to justify new tax payers, not new taxes. regulations are needed, but they cost money to follow. the more expensive regulation is, the less money a business has to give raises or hire new people. we must not let innovation go to waste. we have the potential for all kinds of middle-class jobs from the fields and platforms where we draw to the manufacturing plants that will return to the united states with lower-cost of energy. we need americans to encourage these opportunities, not continue to block them. by making the future value of a dollar more predictable. we must put the cost of health insurance under control. you should be able to get a health control -- a health-care plan with the same tax benefit if you buy it for yourself or if an employer buys it for you. host: the analysis of david hocking. our question is, what do you think the president impose a number one priority should be a dangerous account term. this is from our twitter page. next is austin from illinois on the republican line. caller: i think it marker rubi
the goal should be to justify new tax payers, not new taxes. regulations are needed, but they cost money to follow. the more expensive regulation is, the less money a business has to give raises or hire new people. we must not let innovation go to waste. we have the potential for all kinds of middle-class jobs from the fields and platforms where we draw to the manufacturing plants that will return to the united states with lower-cost of energy. we need americans to encourage these...
126
126
Dec 5, 2012
12/12
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CSPAN
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eye 126
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host: the estate tax or the capital gains tax? guest: the estate tax. asset, you payn capital gains. guest: right. host: we have this comment on twitter from james. guest: corporations would say the businesses are already being taxed. folk should not be taxed for investing in their business. host: double taxation. guest: that is the argument. when people die, they are being taxed again. that is the essence of the argument against the estate tax. host: can you start over? caller: a quick question about the comments of the 401(k). i used to work for a cpa firm. i understand they are income tax deferred instruments. when you take it out, the tax you pay is income tax. the assumption is the rate would be lower. let's say the rate is 25% when you retire. that is higher than the current cap gains tax rate. ordoes not apply to 401(k)'s any other income tax deferred instrument. when you take them out, you pay taxes on them. guest: that is correct. you pay income tax and presumably when you retire, you are at a lower tax rate and that is the advantage. it is a s
host: the estate tax or the capital gains tax? guest: the estate tax. asset, you payn capital gains. guest: right. host: we have this comment on twitter from james. guest: corporations would say the businesses are already being taxed. folk should not be taxed for investing in their business. host: double taxation. guest: that is the argument. when people die, they are being taxed again. that is the essence of the argument against the estate tax. host: can you start over? caller: a quick...